System and method for dealing with loyalty program points
OwnerMaynard Dokken, Mikiko Fujisawainventors
Life of this patent
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Abstract
A system for exchanging and valuing points or rewards from a plurality of loyalty programs using a “settlement point” in a clearinghouse to settle, convert, credit and debit points between accounts regardless of the type of goods or services. The points are underwritten using assets and guarantees held by a custodian, relying on actuarial estimates of redemption. The points are also used as assets for securities, thereby facilitating the valuing and liquidity of the settlement points, or as assets to secure financial or insurance services.
Claims12
A method for facilitating the exchange and valuation of points from a plurality of loyalty programs comprising:
- defining settlement points;
- determining an exchange value between said settlement points and the points of each of a plurality of loyalty programs;
- and,
- providing a clearinghouse facility to settle exchange transactions between the points of a plurality of loyalty programs, or between the points of at least one of said loyalty programs and said settlement points.
A method of realizing value from loyalty program points comprising:
- establishing a program for trading and exchanging points from a plurality of loyalty programs;
- defining settlement points having exchange values associated with the points of said plurality of loyalty programs;
- providing for the issuance and acquisition of settlement points including receiving collateral for said issuance;
- and,
- using said collateral as the basis for issuing securities or other structured assets or contracts.
Dependencies are inferred from the claim text.